JSE Main Market continues to recover lost grounds on Tuesday, but the gains were moderate at less than 1,000 points as trading surged sharply over Monday’s trading levels.
The JSE Main market continues to claw back some of the March losses but faces a series of resistance points above.
At the close of the market, the JSE All Jamaican Composite Index advanced by 845.58 points to 426,518.42, the JSE Market Index gained 743.85 points to 388,653.94 and the JSE Financial Index added 0.29 points to 106.61.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 13 declining and 12 securities trading firm. The JSE Main Market activity ended with 42 securities changing hands and accounting for 93,346,989 units valued at $195,317,440, in contrast to 24,630,786 units valued at $77,117,092 from a similar number of securities on Monday.
Radio Jamaica led trading with 50.4 million shares for 54 percent of total volume, Trans Jamaican Highway followed with 32.4 million units for 34.7 percent of the day’s trade and Wigton Windfarm with 3.6 million units for 3.8 percent market share. Sagicor Select Financial Fund, the only other stock trading more than one million units, ended the day with an exchange of 2.1 million shares.
The Market closed with an average of 2,222,547 units valued at an average of $4,650,415 for each security traded, in contrast to 586,447 units valued at an average of $1,836,121 on Monday. 
The average volume and value for the month to date amount to 936,106 units valued at $3,341,554 for each security changing hands, compared to 606,651 units valued at $3,006,358 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.7 times 2020/21 earnings.
In the Main Market, Barita Investments rose $1.40 to $58, with the swapping of 4,064 shares, Eppley closed $1.75 higher to $17.75, in trading just 200 stock units, First Rock Capital picked up 90 cents to finish at $10.50, with 7,761 units changing hands. Grace Kennedy gained 60 cents transferring 28,722 shares and closed at $57.60, Jamaica Producers ended at $20.50, after rising 35 cents trading 27,594 units, Jamaica Stock Exchange closed 75 cents higher at $23, in transferring 47,617 shares. JMMB Group finished at $38.74, after picking up 74 cents and exchanging 49,965 stock units, 
Mayberry lost 30 cents to close at $5.70, with 193,000 shares crossing the exchange, MPC Caribbean Clean Energy dropped $5 to close at $140 after trading 957 stock units. NCB Financial Group climbed $3 to $158, with 69,263 shares changing hands, 138 Student Living fell by $1.10 to $5.90 trading 10,400 units, PanJam Investment shed 97 cents to close at $75, with an exchange of 93,034 shares. Sagicor Group lost 75 cents to end at $49.75, after swapping 120,363 stock units, Salada Foods gained 48 cents to finish at $32.70, with 4,604 units changing hands, Supreme Ventures climbed $1.33 to $15.99, with an exchange of 112,333 shares. Victoria Mutual Investments ended the day at $7.70, after gaining 35 cents and transferring 293,021 shares and Wisynco Group added 61 cents to finish at $16, in trading 560,505 shares.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
Trans Jamaican Highway led trading with 10.4 million shares for 42 percent of total volume. Wigton Windfarm followed, with 8.5 million units for 34.6 percent of the day’s trade and Trans Jamaican Highway trading in the US dollar market accounted for 3.8 million units for the equivalent of 15.6 percent of the Main Market’s volume. Other stocks trading more than one million units were Sagicor Select Financial Fund, with 2.3 million shares and Wisynco Group with 1.3 million units.
First Rock Capital closed 40 cents lower at $9.60, with 50,007 shares crossing the exchange, Jamaica Broilers declined $3.52 to $29, with 48,411 shares changing hands, Jamaica Producers gained $1.04 to close at $20.15 transferring 15,332 units. Mayberry Jamaican Equities closed $1.20 higher to reach $9.10, in trading 59,464 shares, MPC Caribbean Clean Energy advanced by $5 to $145, with an exchange of 344 stock units, NCB Financial Group climbed $2.09 to $155 in swapping 37,820 shares. Sagicor Group added $1.75 to end at $50.50, with 89,434 shares changing hands, Salada Foods dropped $3.78 to finish at $32.22, after transferring 471 units, Seprod closed $1 lower to $48.50, with an exchange of 11,674 units. Stanley Motta shed 30 cents to end at $5.50 trading 22,100 units, Sterling Investments picked up 35 cents to close at $2.85, with a transfer of 145,739 shares, Sygnus Credit Investments lost $1.96 ended at $17.03, after exchanging 103,764 shares and Wisynco Group rose $1.49 to $15.39, in swapping 1,312,997 shares.
Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
MPC Caribbean Clean Energy advanced $5 to $140 after exchanging 1,512 stock units, NCB Financial Group climbed to $152.91, with gains of $2.66 with 265,789 shares changing hands. PanJam Investments fell by $2 to $76 in swapping 225,872 shares, Portland JSX shed 70 cents to finish at $7.30, with an exchange of 38,667 units, Proven Investments closed at $39.70, after rising $2.20 and trading 11,126 units. Sagicor Group picked up 81 cents to end at $48.75, in transferring 73,620 shares, Sagicor Real Estate Fund closed 45 cents lower at $7.25 with 81,200 stock units crossing the exchange, Salada Foods jumped $6 to $36, after exchanging 59,400 units. Seprod closed $1.50 higher to $49.50, with a transfer of 65,614 shares and Supreme Ventures gained 40 cents to end at $14.40, with 248,813 shares changing hands.
The JSE Market Index climbed 2,911.92 points to 380,510.48 and the JSE Financial Index adding just 0.30 points to 103.93.
Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
Jamaica Producers fell by $2.31 to $18.70 after trading 35,872 shares, Jamaica Stock Exchange shed 50 cents to close at $22.50, with an exchange of 40,317 shares. JMMB Group closed 54 cents lower to $38, in swapping 171,356 shares, NCB Financial Group declined to $150.25, with a loss of $4.74 and trading 36,785 stock units. Proven Investments added 90 cents to finish at $37.50, with 11,664 units crossing the exchange, Scotia Group climbed $1.49 to $47.99 in transferring 18,664 units, Seprod closed 50 cents higher at $48, in exchanging 25,496 shares. Stanley Motta gained 80 cents in swapping 200 units and finished at $5.80, Supreme Ventures picked up 43 cents to end at $14, with 17,488 units changing hands, Sygnus Credit Investments closed at $18.90, with gains of $1.87 trading 12,280 stock units and Wisynco Group rose 60 cents to $13.90, with a transfer of 1,360,292 shares.
At the close, the JSE All Jamaican Composite Index declined 1,819.45 points to 414,283.45, the JSE Market Index dropped 1,643.55 points to 377,598.56, but the JSE Financial Index rose 0.33 points to 103.63.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
PanJam Investment ended at $78, with a loss of $1 trading 63,834 units. Portland JSX gained 70 cents exchanging 2,090 units and closed at $8, Proven Investments ended at $36.60, after climbing $1.60 and transferring 14,113 stock units, Sagicor Group closed $4.40 lower to $48, in swapping 101,381 shares. Salada Foods ended the day at $30, after gaining $1 trading 200 units, Scotia Group dropped $1.49 to finish at $46.50, with 29,841 units changing hands, Seprod added 50 cents to transferring 254,512 shares and closed at $47.50. Stanley Motta shed 75 cents with an exchange of 6,000 units to end at $5, Supreme Ventures gained 57 cents and closed at $13.57, in swapping 561,955 shares, Sygnus Credit Investments ended at $17.03, with a loss of 97 cents trading 99,934 units and Wisynco Group closed $1.39 lower to $13.30 exchanging 1,657,479 shares.
At the close of trading for March and the end of the first quarter of 2020, the JSE All Jamaican Composite Index soared 15,152.90 points to 416,102.90, the JSE Market Index jumped 13,681.82 points to 379,242.11 and the JSE Financial Index gained 2.76 points to end at 103.30.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Proven Investments ended at $35, after losing 94 cents while trading 36,309 shares. Pulse Investments added 32 cents to finish at $3.45, in transferring 17,162,610 shares, Sagicor Group leaped $8.40, in exchanging 341,368 shares and closed at $52.40, Salada Foods finished at $29, advancing $4 and trading 20,327 units. Scotia Group closed $3.98 higher at $47.99, with 155,932 shares changing hands, Seprod added $4.50 to end at $47, in swapping 51,191 units, Stanley Motta gained $1.14 exchanging 16,615 units and closed at $5.75. Supreme Ventures shed 50 cents to end at $13, with 177,935 shares traded, Sygnus Credit Investments ended at $18, with gains of $1.40 transferring 154,566 shares, Victoria Mutual Investments exchanged 560,714 shares at $7, after picking up 55 cents and Wisynco Group closed $1.44 higher at $14.69 after trading 501,240 shares.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Kingston Wharves slid $1.50 to $42, trading 7,109 units, Mayberry Investments picked up 60 cents and closed at $5.60, with an exchange of 67,881 shares, Mayberry Jamaican Equities shed 36 cents with 16,100 units trading to end at $6.64. NCB Financial Group declined by $4 to close at $150, with 114,390 shares changing hands, 138 Student Living rose 81 cents to end at $5.50, in swapping a mere 86 units, Proven Investments ended at $35.94, after picking up 94 cents and transferring 35,465 shares. Pulse Investments ended at $3.13, with gains of 60 cents trading 1,882,701 shares, Sagicor Group dropped $2.60 to end at $44, with an exchange of 46,235 units, Sagicor Real Estate Fund closed $1.10 higher to $7.70 with the trading of just 1,901 units. Scotia Group a lost $3.49 and finished at $44.01 with 38,328 units changing hands, Seprod added $3.50 to end at $42.50, after transferring 73,476 units, Stanley Motta lost 39 cents swapping 1,000 units and closed at $4.61 and Supreme Ventures fell 49 cents to end at $13.50, with 253,252 shares traded.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
NCB Financial Group closed $2 higher at $154, in trading 41,906 shares, 138 Student Living shed 81 cents to end at $4.69 exchanging 6,216 units, Portland JSX closed $1.60 lower to $7.30 after transferring just 416 units. Proven Investments ended at $35, after falling by $1 in trading 19,278 shares, Sagicor Group jumped $4.20 to $46.60, with 70,977 stock units changing hands, Sagicor Real Estate Fund fell 82 cents to $6.60 with the transfer of 5,774 units. Scotia Group climbed $3.50 to finish at $47.50 and trading 77,214 shares, Seprod added $2 to end at $39, with an exchange of 41,696 shares, Sterling Investments picked up 30 cents to close at $2.80, in transferring 1,300 units. Victoria Mutual Investments ended at $6.54, with gains of 48 cents and exchanging 160,790 shares and Wisynco Group closed at $13.30, with a loss of 70 cents after 558,494 shares crossed the exchange.
The PE ratio of the market ended at 14.9, while the Main Market ended at 13.8 times 2019 earnings.
Portland JSX closed $1.60 higher to $8.90 after the transferring of 2,005 units. Proven Investments jumped $3.50 to $36, after exchanging 51,818 shares, Sagicor Group advanced by $2.40 to $42.40, in swapping 608,061 shares, Scotia Group regained ground with gains of $7 to settle at $44, with 170,469 shares changing hands. Seprod added $1 to end at $37, in trading 30,390 units, Stanley Motta shed 74 cents with a transfer of 7,500 units to end at $5. Sterling Investments closed 40 cents lower at $2.50 trading 68,830 units, Supreme Ventures ended at $14, with a loss of 99 cents exchanging 252,623 shares, Sygnus Credit Investments closed 53 cents lower to $16.50, trading 22,971 units and Wisynco Group swapped 840,773 shares at $14, after gaining $1.30.
The average volume and value for the month to date amount to 899,129 units valued at $6,578,450 for each security changing hands compared to 775,631 units valued at $6,653,987 for each company traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Kingston Wharves closed, with gains of $2 at $44 in trading 2,440 stock units, Mayberry Investments lost 50 cents transferring 27,849 shares to end at a 52 weeks’ low of $5. NCB Financial advanced $5 to $145, trading 67,140 units, 138 Student Living gained 39 cents to close at $4.50, with an exchange of 481 shares, PanJam Investment declined $2 to $78, with 49,817 units crossing the exchange. Portland JSX shed 50 cents trading 17,000 stock units and closed at $7.30, Proven Investments fell $4.98 to $32.50, after transferring 9,581 units, Sagicor Real Estate Fund lost 40 cents to close at $7.40, in swapping 900 stock units. Scotia Group closed 99 cents lower to end at $37, in exchanging 117,469 shares, Seprod ended the day’s trade at $36, with gains of $1 after 10,932 shares changed hands, Stanley Motta added 44 cents with a transfer of 25,175 units to end at $5.74. Sterling Investments closed 65 cents higher to $2.90, trading 116,210 shares, Supreme Investments ended at $14.99, after gaining 99 cents exchanging 433,163 stock units and Wisynco Group closed at $12.79, with a loss of 79 cents after trading 161,608 shares.